earnings
confidence high
sentiment neutral
materiality 0.55
Spire reports FY2023 NEE of $4.05 per share; guides FY2024 NEE $4.25-$4.45
SPIRE INC
2023-FY EPS reported
$3.85
revenue$2,666,300,000
- Net income $217.5M ($3.85/diluted) vs $220.8M ($3.95) in FY2022; NEE improved to $228.1M ($4.05) from $216.3M ($3.86).
- Gas Marketing NEE surged to $47.6M from $27.0M on favorable market conditions; Gas Utility NEE slipped to $200.5M from $202.7M.
- Fiscal 2024 NEE guidance $4.25-$4.45 per share; long-term NEE growth target reaffirmed at 5-7%.
- FY2024 capex expected $765M including $100M Spire Storage West expansion; 10-year capital plan $7.2B.
- Q4 net loss $31.1M ($0.66) vs loss $7.1M ($0.20); NEE loss $37.6M ($0.78) vs $31.4M ($0.66).